Next gen of Jacobs Trading liquidation offers new suits for $35

Blog Post by: John Ewoldt

February 19, 2014 - 9:08 AM

Cole Grodnick has liquid-a-tion coursing through his veins as much as his father Howard Grodick and grandfather Irwin Jacobs do.

The 23 year old proprietor of CEG Enterprises in Hopkins has purchased an impressive amount of Ralph Lauren and other medium to upper-end clothing for men and women (worth $4 million in full retail, according to Grodnick) from a clothing factory that received a large refused shipment. Everything is selling at discounts of 70 to 90 percent.

In addition to clothing, the sale includes microwave ovens for $20, 4-piece car mats for 410, Kids ride-on cars from Fisher Price and Peg Perego for $95 (more than $200 online), and a limited supply of Xbox 360 for $99.

Payment: credit cards or cash, no checks. All sales final, no returns.

The sale will run for several months and the space may be turned into a permanent Brand Name Deals, which was owned by Jacob's Trading before it closed in Fridley in 2011.